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Intellectual Property
 9 Months Ended
Mar. 31, 2019
Related Party Transactions [Abstract]  
Intellectual Property

4. Intellectual Property

Intellectual property, stated at cost, less accumulated amortization consists of the following:

 

  March 31, 2019   June 30, 2018
       
Intellectual Property  $                      2,293,770    $                      2,293,770
Accumulated Amortization                             681,823                               509,790
Intellectual Property, Net  $                      1,611,947    $                      1,783,980

 

Amortization expense for the three- and nine-month periods ended March 31, 2019 and 2018 was $57,344 and $172,033, respectively. Estimated future amortization expense is as follows:

Year ending June 2019 (remaining three months)  $                           57,344
2020                             229,377
2021                             229,377
2022                             229,377
2023                             229,377
Thereafter                             637,095
   $                      1,611,947